Edutech Startup Coursera Raises $64 Million In Series D Funding From GSV And Others

One of the leaders of tech startups in the field of education, Coursera, raised $64 million from GSV Asset Management and investors in a Series D round of funding. This online platform for higher education, founded in 2012 has raised a total capital of $210.3 million to date.

This round of Series D investment was led by GSV Asset Management along with existing investors New Enterprise Associates (NEA,) Kleiner Perkins Caufield Byers (KPCB) and Learn Capital. The Lampert Foundation also participated as a new partner.

India is said to be its second largest market after the United States with more than 2 million registered users. Globally they have over 26 million registered users and Coursera’s CEO Rick Levin plans to utilize the latest funds in expanding enterprise business, their master’s degree portfolio and accelerate product innovations.

This popular online education platform offers a wide range of college level courses from Stanford University, the University of Michigan, Johns Hopkins University and other major universities. It shifted focus in August last year to launch Coursera for Business, to allow businesses to create their own branded e-learning portals and has already adopted more than 50 companies around the world.

In January this year, they joined hands with governments and local institutions to launch Coursera for Governments and Nonprofits, to prepare communities for jobs of the future. At present they offer over 2000 courses and 180 specializations from more than 150 universities along with fully accredited online master’s degrees within five years of its founding.